Seeking the $ 22! But there's one problem...
PLTR hit the 50% fibo retracement today, at 18.66, and if it breaks the 20.30 we'll have a bullish confirmation that could take the stock to our target.
The area between the 18.81 and the 20.30 is a solid resistance, but if PLTR breaks it, the 22 area is the next stop.
We have no other major divergence on RSI or OBV, so, our analysis will be naked today, we'll only use only with Fibo. But PLTR must break the 20.30 as soon as possible, or it'll just keep dropping.
If it loses the 50% retracement, we'll see it at the 17 again. Let's keep our eyes open here!
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See you soon,
Melissa.
The area between the 18.81 and the 20.30 is a solid resistance, but if PLTR breaks it, the 22 area is the next stop.
We have no other major divergence on RSI or OBV, so, our analysis will be naked today, we'll only use only with Fibo. But PLTR must break the 20.30 as soon as possible, or it'll just keep dropping.
If it loses the 50% retracement, we'll see it at the 17 again. Let's keep our eyes open here!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
